Via Bloomberg come comments from Wu Xiaoling, former People’s Bank of China deputy governor

In an interview with 21st Century Business Herald

  • China lacks investor confidence instead of interbank liquidity
  • China needs to adjust structure to eliminate overcapacity, allow good products to be sold at good prices and hence recover investor confidence
  • China should cut company tax
  • China should avoid making too much direct investment with fiscal funds

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Although Wu is ex of the PBC he is still a player, currently a member of China's National People's Congress Standing Committee